ACC518 Current Developments In Accounting Thought (8)

This subject covers a critical review of developments in accounting theory and professional standards including the search for a conceptual framework, the evaluation and comparison of various accounting models and discussion of contemporary management accounting and financial reporting issues.


Session 1 (30)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Session 2 (60)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Wagga Wagga Campus

Continuing students should consult the SAL for current offering details: ACC518. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only.

Assumed Knowledge

Assumed knowledge for this subject is equivalent to that covered in ACC567.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to critically evaluate attempts to develop and apply a conceptual framework;
  • be able to critically appraise the objectives of accounting and relate them to the various concepts of accounting discussed in earlier subjects;
  • be able to analyse the possible usefulness of alternative measurement systems to historical cost; and
  • be able to critically evaluate selected current financial reporting and management accounting issues.


This subject will cover the following topics:

- the origins of accounting;
- theory formation in accounting (including the development of a conceptual framework for measurement and valuation purposes);
- alternative measurement models to historical cost (including general price level, relative price level, current cost and current value models);
- accounting regulation and politics;
- the standard setting process and international accounting influences;
- capital market research and current disclosure issues;
- agency theory and accounting;
- accounting and accountants in organisations;
- international accounting;
- management accounting theories;
- behavioural and social aspects of budget control;
- the social, political, environmental and organisational context of accounting.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC518 in Session 2 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Value %
Short critical essays
Review of current accounting issues
Final exam

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.